STAMP DUTIES ACT 1920 - SECT 92 Prohibition on registration of transfers etc

This legislation has been repealed.

STAMP DUTIES ACT 1920 - SECT 92

92 Prohibition on registration of transfers etc

The trustee or manager of a unit trust scheme must not register, or otherwise give effect to, a transfer of units in a unit trust scheme on which duty is payable under this Act unless:

(a) a transfer or an instrument effecting or evidencing the transfer is duly executed and delivered to the trustee or manager, and

(b) the transfer or instrument is duly stamped under this Act.

Maximum penalty: 50 penalty units plus an amount equal to double the amount of duty that would have been payable if the appropriate transfer or instrument had been executed and duly stamped under this Act.